XRP surged to a seven-month high of $1.67, extending its bullish streak after clearing $1.50 resistance. The altcoin later retraced to $1.51 but remained up 15% on the daily chart with an 89% increase in trading volume. Whale activity showed reduced transfers to exchanges, and institutional demand strengthened as XRP ETFs recorded their highest daily net inflows in three months at $18.3 million. However, the derivatives market saw over $109 million in liquidations, with open interest rising 10% to $3.68 billion. Momentum indicators pointed to continued bullish control.
XRP extended its bullish streak, cleared the $1.50 resistance, and reached a seven-month high of $1.67. The altcoin later retraced to $1.51 but remained up 15% on the daily chart.
The rally coincided with an 89% increase in trading volume, reflecting stronger market participation. Whale activity first showed that large holders had reduced transfers toward exchanges.
The Whale to Exchange Flow fell to 336, returning to levels recorded before the market recovered three days earlier. This decline suggested weaker immediate selling pressure, although it did not confirm fresh whale purchases.
Institutional demand added another layer of support. Bitwise’s XRP ETF recorded $16.9 million in daily net inflows, marking its third consecutive day of positive flows.
Overall, XRP ETFs attracted $18.3 million, recording their highest daily net inflows in three months. These purchases reflected stronger institutional demand as XRP challenged its seven-month high.
However, the derivatives market showed where that confidence could become unstable. Over 24 hours, $59.7 million in long positions and $49 million in short positions were liquidated.
Total liquidations exceeded $109 million, showing that volatility punished traders on both sides. Even so, open interest increased 10% to $3.68 billion.
Derivatives volume also jumped 65% to $19.2 billion, showing that traders continued speculating despite recent losses. Rising open interest confirmed additional exposure but did not reveal whether traders favored long or short positions.
This leverage could amplify XRP’s next move, whichever direction price takes. XRP’s bullish structure remained intact as market demand held steady.
The Relative Vigor Index climbed to 0.49, reflecting stronger bullish momentum and buyer control. Meanwhile, the Momentum Indicator rose to 0.53, supporting the possibility of trend continuation.
